Mrfs G Ellamal v. Indian Bank
Case brief
What is this about?
The Debts Recovery Tribunal allowed a SA challenging a sale notice. It set aside the notice, directed the bank not to debit the amount, but granted liberty to proceed further if default continues.
What did the court decide?
Sale notice dated 18.03.2022 set aside; bank directed not to debit sale notice to loan account; liberty granted to bank to proceed further.
What the court decided
1
S.A. 201 of 2022 04.08.2022
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 4th day of August, 2022
Present: Shri Ganapathi K.R.K. Presiding Officer
SARFAESI APPLICATION No. 201 of 2022
Mrs.G.Ellammal W/o. M. Gopal Flat No.G1, Ground Floor, Plot No.54A Jeyam Park View Flats Kumaraswamy Nagar Villivakkam, Chennai – 600 049
….Applicant
Vs.
The Authorised Officer Indian Bank Kolathur Branch No.12 A, Red Hills Road Moogabika Complex Kolathur, Chennai – 600 099 ….Respondent
Counsels appeared / on record:
Counsel for Applicant : M/s.G.Sanjeevi Counsel for Respondent : M/s.R.S.Dhuriyan
Issues for consideration
1 issue framed by the court
Whether the Debts Recovery Tribunal should set aside the sale notice issued by the bank scheduling the sale to 3rd week of April 2022.
Parties & counsel
- applicant
Mrs. G. Ellammal
- respondent
The Authorised Officer, Indian Bank
Coram
Ganapathi K.R.K
Case details
As recorded by the court registry
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